May 1, 2026 -- Olam Group Limited (“Olam Group”, “OGL”, the “Company”, or together with its subsidiaries, “the Group”) has announced that its wholly-owned subsidiary, Olam Holdings Pte. Ltd. has completed the Tranche 1 sale of 44.58% stake in Olam Agri to the Saudi Agriculture & Livestock Investment Company (“SALIC”), the food and agriculture investment arm of Public Investment Fund of the Kingdom of Saudi Arabia, for US$1.88 billion (approximately S$2.4 billion1 ). This implies a 100% equity valuation for Olam Agri of US$4.00 billion (approximately S$5.11 billion1 ) plus closing adjustments.
The sale follows receipt of all necessary regulatory approvals and satisfaction of other closing conditions. Olam Agri becomes majority 80.01% owned by SALIC and a 19.99% owned associated company of Olam Group.
Olam Group retains a put option to sell its remaining 19.99% stake in Olam Agri to SALIC (“Tranche 2”) on the third anniversary of the completion of Tranche 1 at the base consideration of approximately US$799.6 million and additional option consideration plus a 6% IRR, providing certainty of Tranche 2 completion. SALIC also retains a call option to acquire the remaining 19.99% stake on or before the third anniversary at the same consideration. Olam Agri will become a 100% owned subsidiary of SALIC on completion of Tranche 2.
At a glance
- Company
- Olam Group Limited
- Announcement
- Acquisition
Key figures
- Sale consideration for Tranche 1
- US$1.88 billion
- Implied 100% equity valuation of Olam Agri
- US$4.00 billion
- Stake sold in Tranche 1
- 44.58%
- SALIC ownership after Tranche 1
- 80.01%
- Olam Group retained stake
- 19.99%
- Base consideration for remaining stake under Tranche 2
- approximately US$799.6 million
People
- Yap Chee KeongDeputy Chairman at Olam Group
- Sunny VergheseCo-Founder and CEO, Olam Agri
Products and programs
Yap Chee Keong, Deputy Chairman at Olam Group said: “The completion of the sale of Tranche 1 in Olam Agri to SALIC is another major step forward in delivering on our Reorganisation Plan. It realises significant value and will enable right-sizing of the capital structure of the Group. We will continue to focus on the responsible divestment and monetisation of the businesses in OGH2 , and execute growth initiatives to enable ofi to realise its full potential value. We remain confident our Re-organisation Plan will unlock significant value for shareholders.”
Sunny Verghese, Co-Founder and CEO, Olam Agri said: “The completion of SALIC’s acquisition of Olam Agri is a transformative step forward to accelerate Olam Agri’s growth and strengthen our position as a leading global agri-business and integrated food security leader.”
“Olam Agri is focused on providing living essentials and daily necessities to consumers for meeting their growing demand for food, feed, fuel, fibre and adjacent agricultural products.
“With SALIC as a strategically aligned, committed long-term partner and food security leader, we can build on our historical track record of strong performance to further accelerate and scale our ambitions for profitable growth and value creation.”
Rothschild & Co Singapore Limited acted as the lead-financial advisor, along with Citigroup Global Markets Singapore Pte. Ltd and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch as joint-financial advisors to OGL for this transaction
1 All S$ figures in this release are based on an indicative US$-to-S$ exchange rate of US$1:S$1.2778 as at April 24, 2026.
2Previously known as Remaining Olam Group
Notes to Editors
This release should be read and understood only in conjunction with Olam Group Limited’s announcement on the same subject lodged with SGXNet on April 27, 2026.
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In brief
Olam Group Limited says its subsidiary Olam Holdings has completed the sale of a 44.58% interest in Olam Agri to Saudi Agriculture & Livestock Investment Company (SALIC) for US$1.88 billion. The transaction followed regulatory approvals and satisfaction of closing conditions. SALIC now holds 80.01% of Olam Agri, while Olam Group retains a 19.99% interest, making the business an associated company of Olam Group. Olam Group may sell its remaining stake to SALIC on the third anniversary of the first tranche’s completion under a put option; SALIC also has a call option to acquire that stake by then. Olam Group says the sale advances its reorganisation plan and will support changes to its capital structure. Olam Agri’s CEO described SALIC’s investment as a step toward accelerating the business’s growth.
Key takeaways
- Olam Group completed the sale of a 44.58% Olam Agri stake to SALIC for US$1.88 billion.
- SALIC now owns 80.01% of Olam Agri; Olam Group retains 19.99%.
- Both parties hold options concerning Olam Group’s remaining stake, exercisable by the third anniversary.
- Olam Group says the transaction advances its reorganisation plan.
